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Jobseekers: Balance of power swinging back
The changed recruitment market of 2010 compared to 2009 is perhaps best illustrated by the balance of power swinging back to today’s top candidates, says recruiting experts Hays.
“Jobseekers today have more choice and the surplus of candidates that employers experienced for much of 2009 has, in most industries, been absorbed back into the workforce,” said Grahame Doyle, Director of Hays.
“In the post-global financial crisis (GFC) workplace, employers now have less choice, and are even taking steps to minimise the impact of future skills shortages.
“For candidates, particularly top talent, this means they have some power back.
“Candidates are starting to objectively examine job vacancies in far more detail than they did during the GFC. They are now more focused on their career and will evaluate a vacancy to make sure it will provide the progression they want. They are asking for more information about a job’s responsibilities to work out if it is a step up, or at least a step in the right direction. They want to know if clear career paths are offered. They’re also reaching out to their networks to see what others say about the company.
“In addition, with the first cases of multiple offers again taking place for top talent, these candidates can potentially leverage an improvement in salary for the first time in well over 18 months. Some employers are starting to enter into such salary negotiations once again for top talent, although this trend will take time to be evident across the board.”
Hays, the world’s leading recruiting experts in qualified, professional and skilled people.
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For further information please contact Lucy Sharp, Marketing Manager of Hays in Australia and New Zealand, on 02 8226 9885 or
lucy.sharp@hays.com.au
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